The More You Trade, The More You Save
BTIG's Direct Market Access (DMA) platform, TradeSave™, is the first and only electronic trading platform of its kind. It offers both high-level performance and unparalleled savings in one dynamic system. Employing state-of-the-art market connectivity and services customized specifically for BTIG, TradeSave maximizes trading strategies seeking access to liquidity and algorithmic or automated trading capabilities.
Benefits in Transparency of the Costs of Execution
TradeSave offers clients complete transparency into the true costs of execution (unlike other traditional platforms that merely offer a fixed rate, with only the executing broker knowing the actual trading costs). By calculating costs and credits of executing trades as a part of the daily commission, TradeSave maximizes the ability for the trader to participate in factors that actually reduce their overall cost. TradeSave is a service specifically designed to enable clients to trade at commission rates significantly below traditional pricing.
| Execution Fees |
Fees range from a rebate of 0.0025 when adding liquidity, to a charge of 0.004 when removing liquidity. |
On average this component is 0.0005. |
| Pre/Post Trade Fees |
Expenses covering system licensing, order entry, and clearing are passed through directly to the client. |
On average, fees range from 0.0001 to 0.0003 per share. |
| Monthly Volume Fees |
A fixed price per share based simply on monthly volume. |
This fee ranges from 0.002 to 0.004. The fee on 5 million shares per month is 0.002 cents per share. |
| Daily Commission Rate |
Our automated system can quickly and accurately tabulate total trading fees into a daily variable commission rate. Clients receive a detailed daily report that discloses a net daily commission based on their trading for the day. |
Actual rates achieved by clients fall within a range of 0.00 to 0.005 per share. |
OMS/EMS Compatible
TradeSave's platform can be fully integrated with leading buy-side OMS and EMS systems.
It supports direct order routing, order staging and execution drop copies. BTIG will also provide fully integrated solutions for custom OMS, EMS and proprietary algorithmic engines.
Multi-Platform Access
The TradeSave pricing methodology can be accessed via RealTick, Bloomberg, Tradingscreen, ITG Triton, and ITG Radical. This access is available to clients worldwide.
Options Savings
TradeSave provides direct access to electronic option exchanges, smart order routing and advanced spread order handling and execution for options. As with equities, TradeSave will offer rebates for options executions as made available by the specific venues.
Commission Management
The TradeSave pricing model is also applied to accrual of Commission Management credits. Applying this model allows for quicker achievement of commission budget and commitments.